Home Cellphone Talks The changing fortunes of Finland’s Nokia

The changing fortunes of Finland’s Nokia

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Here’s a look at Nokia’s altering face after it agreed to sell its telephone business and license for its patents for 5.44 billion euros to Microsoft.

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  • Named in 1871 after the Nokianvirta river where mining engineer Fredrik Idestam set up his second paper mill, Nokia spent greater than a century making tires, boots, or cables earlier than producing the first handheld mobile phone, the Mobira Cityman, in 1987.
  • Nicknamed the “Gorba” after former Soviet chief Mikhail Gorbachev was once pictured the usage of one, it weighed a thumping 800 grams and carried an even more daunting price tag – 24,000 Finnish marks (four,650 euros).
  • The elemental Nokia 1100, launched in 2003, was once a runaway hit, moving 250 million gadgets, making it no longer just the sector’s best-selling cellular, however the preferred consumer electronics instrument of any variety.

Nokia unveiled its first windows telephone handsets, the Lumia 710 and Lumia 800, in October 2011 after a strategic resolution by new Chief executive Stephen Elop to ditch its personal ailing Symbian running system in favor of the Microsoft identical.

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  • Even supposing Nokia additionally stated in July it had shipped 7.4 million Lumia smartphones in the quarter, up 32 % from Q1, it used to be fewer than the 8.1 million gadgets analysts had anticipated. Nokia now boasts handiest around 15 % of the handset market share, with an even smaller three percent share in smartphones.